Why Does One Tiny State Set the Rules for Everyone? (Update)

In this episode of Freakonomics Radio, Stephen Dubner interviews Hal Weitzman, author of "What's the Matter with Delaware?", to explore why Delaware has become the go-to state for corporate incorporation. They discuss Delaware's efficient legal system, particularly its Court of Chancery, and its business-friendly policies, such as ease of company formation and corporate anonymity. The discussion covers the potential downsides, including tax loopholes, money laundering, and the flow of dark money, as well as Delaware's influence on corporate law and the U.S. financial system. The episode also features insights from Doneene Damon, John Cassara, Travis Laster and Daniel Nielson, providing a comprehensive look at Delaware's legal industrial complex and its impact on the nation.